In the early 2000s, while working in banking, Seth Bent, Founder and CSO of Red Dot Storage, first learned about the self-storage business. Intrigued by the simple operating model and fragmented industry ownership, Seth decided to make a move into the industry by joining the National Self-Storage Group of Marcus & Millichap. After nearly four years, Seth left Marcus & Millichap to join MJ partners, where he spent another three years specializing in brokerage and sales of self-storage properties.
While working as a broker, Seth identified a unique opportunity to acquire non-primary market self-storage properties and enhance the customer experience by utilizing technology. In 2013, Seth assembled a small team and acquired the first six Red Dot properties. Like all good startups, the business was run out of a makeshift office in Seth’s backyard, affectionately known as “The Cottage”. It was during those early days in the cottage, when Seth and his team identified the two most important principles to the business: People and Innovation.
Over the years, Red Dot has grown to employ over 80 in-house staff while expanding acquisitions throughout 16 states. In 2018, Red Dot was ranked as a Top Workplace by the Denver Post and the Best Company Culture and Best Companies for Women awards by Comparably.
Starting off the new year, Red Dot announced the appointment of new CEO, Chuck James. With Chuck now leading Red Dot, Seth has transitioned to a new role as CSO, where he will continue to oversee acquisitions and strategy. Chuck brings 23 years of experience in leading Operations, Accounting, Finance, HR, Legal, and IT teams in multiple industries, including long-haul transportation, banking, and private equity. Prior to joining Red Dot, Chuck was a Managing Partner at Grey Mountain Charter Financing, a private equity-backed portfolio company that financed over 130 charter schools, totaling ~$1.7 billion. Additionally, Chuck was the COO for Prime Trailer Leasing, a long-haul trailer leasing company with over 5,000 trailers that was eventually acquired by GE. Chuck earned his BS in Political Science from Texas Christian University.
In 2018, Kate Matheny joined Red Dot as CFO. Kate brings 20 years of experience in real estate Operations, Accounting, and Finance. Prior to joining Red Dot, Kate was the Chief Financial Officer and Chief Operating Officer of One Thousand & One Voices, a private equity fund, as well as the Chief Financial Officer of a multi-billion dollar real estate fund. Kate earned her BS in Accounting and Finance, as well as a MS in Taxation, from Colorado State University.
Today, Red Dot owns and operates 147 self-storage properties, totaling over 5.4 million net rentable square feet. While Red Dot outgrew The Cottage many years ago, the company remains committed to its founding principles.